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Thomson Reuters
Dec 03 - 12:12 AM
EUR/USD - Modest Boost From Risk-On Sentiment
First appeared on eFXplus on Dec 02 - 10:10 PM
  • EUR/USD is settling around 1.1350 after whippy start to the session
  • It gapped higher to 1.1369 in knee-jerk reaction to US/China truce on trade
  • In typical Monday morning fashion, the early gap was filled to 1.1328
  • Risk assets are rallying on the US/China news and that should weigh on USD
  • EUR/USD unlikely to benefit as much as high-beta currencies
  • EUR/USD resistance at 1.1400/05 with break targeting 55-day MA at 1.1468
  • A break below Friday's low at 1.1305 would be bearish and targets 1.1215

aud/usd Click here

Thomson Reuters IFR Markets


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